Statistics New Zealand has released its permanent & long-term migration figures for February 2016, which revealed that net permanent and long-term migration into New Zealand continues to boom, smashing records:
Unadjusted figures showed a record net gain of 67,400 migrants in the February 2016 year, driven by an increase in migrant arrivals. Migrant arrivals (124,200) were up 10 percent from the February 2015 year. In comparison, migrant departures (56,900) were down just 1 percent.
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Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
